Texas Mineral Titles Flashcards

A lien the government files against property when someone has not filed their taxes.

True

A lien that attaches to property when ad valorem taxes are not paid.

<p>The authority of the trustee to convey, transfer, or encumber the title to the property.</p> Signup and view all the answers

<p>All named partners must execute the conveyance.</p> Signup and view all the answers

<p>tenants in common</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>It goes to the surviving spouse if children are from the same marriage.</p> Signup and view all the answers

<p>A three-way certificate signed by the court in that state.</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>It validated patents to lands crossing navigable streams under certain conditions.</p> Signup and view all the answers

<p>Two disinterested witnesses who testify about the family history.</p> Signup and view all the answers

<p>Primary term = The initial period for drilling a well Continuous development = Allows lease to remain in force with new drilling Proportionate reduction clause = Reduces royalty payments based on mineral estate ownership</p> Signup and view all the answers

<p>The examiner should advise the client of matters affecting the title that are known by the examiner even though not revealed by the record, including unfiled instruments and facts known to the examiner that would impart either actual or inquiry notice of matters affecting title.</p> Signup and view all the answers

<p>An examiner should examine all instruments within the record chain of title as of the date and time of the examination, including instruments that have been recently filed for record but not yet indexed.</p> Signup and view all the answers

<p>All statutory and contractual requirements for a nonjudicial foreclosure sale must be satisfied, including the power of sale, default under the instrument, proper appointment of the trustee, and compliance with statutory requirements.</p> Signup and view all the answers

<p>Absent a conveyance or agreement between the parties or a judicial decree imposing an equitable lien, the separate property of each spouse should be treated as unaffected by a divorce or annulment.</p> Signup and view all the answers

<p>An examiner should presume that real property acquired during marriage is community property, whether acquired in the name of one or both spouses.</p> Signup and view all the answers

<ol> <li>Addressee, 2. Type of Opinion, 3. Legal Description of Land, 4. Materials Examined, 5. Fee Title, 6. Comments and Requirements, 7. Exhibits.</li> </ol> Signup and view all the answers

<p>UBIFMFD - unfiled liens, boundaries of property, incompetency, fraud, minority, forgery, duress.</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>1895-1931</p> Signup and view all the answers

<p>B wins because B did not have notice of the prior lease - he is a BFP (bona fide purchaser).</p> Signup and view all the answers

<p>B still wins because C steps into the shoes of A, and B remains a bona fide purchaser.</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>Covers all properties owned in a county</p> Signup and view all the answers

<p>If a deed conveys an interest in land bounded by a non-navigable stream or a right-of-way, the grantee will take title to the center line unless otherwise provided.</p> Signup and view all the answers

<p>Conveyed means dividing the amount reserved by the amount conveyed.</p> Signup and view all the answers

<p>Described means all; fractions designated in a deed are calculated upon the entire mineral interest.</p> Signup and view all the answers

<p>'Out of' means the full interest, indicating that handwriting prevails over printed forms.</p> Signup and view all the answers

<p>A fixed royalty is unchanging and a fraction of total production, while a floating royalty is dynamic and relates to the current royalty stated in a modern lease.</p> Signup and view all the answers

<p>'I will require that they bring the runsheet up to date.'</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>Four years after the note matures, the deed of trust is void.</p> Signup and view all the answers

<p>Get a release from the original owner or file an affidavit of non-production.</p> Signup and view all the answers

<p>A correction document, sworn to by a person knowledgeable of that property.</p> Signup and view all the answers

<p>The wife had to be separated from the husband and sign a separate acknowledgment confirming her interest in the property.</p> Signup and view all the answers

<p>A husband was considered the manager of community property and could sell it without the joinder of the wife.</p> Signup and view all the answers

<p>A notice of pending legal action on a piece of real property.</p> Signup and view all the answers

<p>Statements of fact made in deeds, leases, mortgages, and other documents that may carry less probative force than affidavits.</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>They disclose the existence of easements and rights of way of record which should be avoided during exploration and drilling operations.</p> Signup and view all the answers

<p>Property given for love and affection is an automatic gift, while property given for consideration is not.</p> Signup and view all the answers

<p>You have a duty to investigate.</p> Signup and view all the answers

<p>You are still on notice of the instrument as long as it's filed.</p> Signup and view all the answers

<p>If you see something off while reading the chain of title, then you have a duty to investigate.</p> Signup and view all the answers

<p>A deed that serves to correct or negate a mistake made between parties who have contracted an original deed agreement.</p> Signup and view all the answers

<p>Requires a broad pooling clause that must be consented to by NPRI owners.</p> Signup and view all the answers

<p>Anything conveyed by a stranger to title is void.</p> Signup and view all the answers

<p>Require to see that guardianship proceedings and the authority they have to convey that property.</p> Signup and view all the answers

<p>The minerals must be produced for 10 years.</p> Signup and view all the answers

<p>Any living person is capable of having a child; descendants is an open class of remaindermen.</p> Signup and view all the answers

<ol> <li>Security instrument confers power of sale; 2. Default under terms of the instrument; 3. Proper appointment of trustee; 4. All statutory requirements met; 5. Any additional requirements met; 6. Delivery of trustee's deed.</li> </ol> Signup and view all the answers

<p>Name, address, driver's license, etc.</p> Signup and view all the answers